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14 Oct 2021, 7:09 am by Edward T. Kang
Another section of the LLC Act that was amended in response to recent case law was Section 18-407. [read post]
4 Feb 2019, 3:18 am by Peter Mahler
” She then found that, in addition to breaching the operating agreement’s requirement to hold monthly management meetings, that the petitioner “was acting in breach of his duties of good faith and ordinary care to preserve and support the stated business purpose of [the LLC]” which included “to provide a residence for its Members. [read post]
20 Aug 2012, 2:23 pm by admin
Contact that Chicago area business lawyers at Waltz, Palmer & Dawson, LLC at (847)253-8800 if you would like additional information regarding the ways that the Patient Protection and Affordable Care Act may impact your business. [read post]
31 Aug 2020, 4:56 am by Peter J. Sluka
Practical Implications The Court’s conclusion that GMX’s payment pursuant to the Put Option constituted a distribution subject to § 18-607 presents a difficult balancing act for minority LLC members with put rights. [read post]
10 Apr 2024, 12:30 am
  Rather, it results in the cessation of its right to conduct intrastate, but not interstate, business. [read post]
25 Jul 2016, 3:30 am by Peter Mahler
(A prominent example of this is the Second Department’s 2010 decision in the 1545 Ocean Avenue case which drew heavily upon Delaware Chancery Court precedent in setting the standard for judicial dissolution of LLCs under Section 702 of New York’s LLC Law.) [read post]
16 Oct 2017, 3:33 am by Peter Mahler
” The definition further stated, “For purposes of the [Delaware LLC] Act, the Members shall constitute a single class or group of members. [read post]
16 Oct 2017, 3:33 am by Peter Mahler
” The definition further stated, “For purposes of the [Delaware LLC] Act, the Members shall constitute a single class or group of members. [read post]
11 Aug 2011, 5:57 am by Larry Ribstein
  Rather, he said, 7.2 is designed only “as a manifestation of the unremarkable idea that one gets to choose one’s own business partners. [read post]
12 Dec 2022, 9:25 am by Stuart Tubis
Trinitas Cellars LLC, the court held that minor imperfections on a website that do not meaningfully hinder access to the goods and services of a business are insufficient to constitute violations of law. [read post]
20 Jun 2008, 3:26 pm
In addition, I have noticed that the people who use these services do not understand the importance of acting like a business entity. [read post]
14 Jul 2022, 4:00 pm by Linda C. Severin
The United States, Massachusetts, and Connecticut have settled a False Claims Act case brought by a client of the Whistleblower Law Collaborative LLC against BioReference Health, LLC and its parent OPKO Health, Inc. for paying kickbacks to physicians to induce referrals. [read post]
4 Sep 2012, 3:00 am by Peter A. Mahler
In the realm of the closely held business entity, there are many reasons for the growing preference and, indeed, the predominance in many states of the limited liability company (LLC) over the corporation. [read post]
12 Apr 2010, 9:13 am by Raymond McKenzie
SSA, LLC, (2010) it was held that the parent of a company may not be held liable in Maryland for the acts of a subsidiary corporation under the corporate veil piercing doctrine without a showing of fraud or a necessity to enforce a paramount equity. [read post]
17 Aug 2010, 7:34 pm by J.W. Verret
  Business privacy is an important element of business entity use. [read post]